Economic diversity boosts resiliency during an economic slowdown, and in this regard Tampa scores among the top large metros in the country according to Chmura Economics and Analytics. Tampa’s broad industry growth has developed into a sustainable, diverse ecosystem that buoys a wide array of economic activities, insulating it from national economic shockwaves.


Figure 1: Economic Diversity Among MSA's with Population 500,000+

When taking a deeper dive into the specific industries and employers that encompass Tampa’s diverse ecosystem, the diversity argument is evermore clear.

Figure 2: Tampa MSA Employment by Industry 

Figure 3: Tampa MSA Top 10 Employers - By Number of Employees

Source: Moody's Analytics, April 2019.

Over the past decade, Tampa has made strides in rounding out its local economy, which should greatly improve how it weathers the next economic storm. Of the top ten employers in Tampa, six different industry groups are represented, illustrating the broad strength of Tampa's commercial activities - and their growth continues. St. Joseph’s Hospital is building a $126 million six story tower; BayCare recently announced a $308 million expansion; Tampa International Airport has a $971 million mixed use expansion program; and Publix announced 700 new jobs in 2018 – allowing further support for expansion in Tampa and the Southeast.


 

Contacts Taylor Yohner Research Analyst +1 813 273 8483 taylor.yohner@cbre.com

CBRE Office Tampa 101 East Kennedy Avenue Suite 1500 Tampa, FL 33602